New Delhi : Global water solutions company Xylem Inc is charting plans to open a second production facility in India, looking to turn the Indian operations into a major export hub for the company's products.

Xylem has identified India as its fastest growing market in the next three years and is keen to expand exports from the country. Currently, its Indian production facility is in Vadodara in Gujarat under its wholly owned subsidiary ylem Water Solutions India Private Limited.

The Vadodara facility caters to India and neighbouring countries by offering solutions for water and wastewater transport, treatment and testing to power, irrigation, commercial building services and municipal sectors. Xylem India has also built one of its world’s largest pump testing facility of 7.5 MW and 80,000 m3/hr capacity in Vadodara.

Earlier this year, Xylem had announced the expansion of its India operations through the opening of an India technology and customer experience centre in Bengaluru.

Xylem Inc President and CEO Patrick K Decker, during a recent visit to India, was quoted in news reports as saying that the company was exploring a second factory in India to make pumps but the location and investment were yet to be finalised.

Decker said the existing production facility was not proving to be adequate and indicated an investment figure of upto $50 million for the proposed second production unit.

According to a news report in ET, Xylem cureently earns around $100 million (over Rs 700 crore) from India whereas its global revenue was to the tune of $4.7 billion.

The Indian operations currently export products worth $80 million for other markets and has been witnessing high double-digit growth rate since 2014.

“Currently, the China-India combine represent less than 10 per cent of our total revenue...but in terms of growth rate, in the course of next three to five years, India is expected to be our fastest growing market,” Decker was quoted as saying in the news report.

The Xylem President said the company was open to acquisition in India, in line with its global strategy for taking over companies.

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